Vector Control Market Forecast
Global Vector Control Market size is expected to cross USD 22 Billion by 2025 at a CAGR of 5% during the forecast period of 2019 to 2025. Vector control activities include vector control equipment and vector control systems. Market players are witnessing challenges due to the unavailability of adequate resources and tools to control the vector population in various developing countries in Asia-Pacific and Africa. Moreover, the reluctance of agrochemical manufacturers to invest in non-crop vector control chemicals is posing a threat to the overall market growth.
Rising awareness regarding the global burden of vector-borne diseases, impact of vector control methods, and increasing initiatives by government organizations are expected to address the hindrances and offer profitable growth opportunities to the market players during the forecast period. The rising burden of vector-borne diseases and disparities between different regions regarding the availability of resources to control vector population have led to increasing initiatives and investments by various organizations to curb vector-borne diseases. For instance, the World Health Assembly approved the Global Vector Control Response (GVCR) 2017–2030 to offer strategic guidance, technical support, and training to partners in developing countries.
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Growth Opportunities in the Market
Rodents segment to register the highest CAGR during the forecast period: A rise in global outbreaks of lethal diseases such as hantavirus pulmonary syndrome and hemorrhagic fever with renal syndrome caused by rodents has resulted in an increase in the number of initiatives taken to control the rodent population. Market players are expanding their product portfolios to target the rodent population and exploit the growth opportunities in the market.
Biological vector control method to witness higher adoption in the coming years: Increasing environmental concerns and insecticide resistance due to continuous use of chemical-based vector control products are expected to boost the sales of biological vector control products. Additionally, microbials, predators, and botanicals are safer than chemical products, owing to which the segment is expected to register the highest growth rate during the forecast period.
Vector Control Market Key Players
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- BASF SE (Germany)
- Bell Laboratories, Inc. (US)
- FMC Corporation (US)
- Rentokil Initial plc (UK)
- Ecolab (US)
- The Terminix International Company LP (US)
- Rollins, Inc. (US)
- Anticimex Group (Sweden)
- Arrow Exterminators (US)
- Ensystex (US)
- Liphatech, Inc. (US)
- PelGar International (UK)
Vector Control Market Regional Analysis
North America: North America accounted for more than 35% of the global Vector Control Market size in 2018. The dominance of the regional market can be attributed to the high awareness level regarding the need for vector control activities to curb vector-borne diseases. Moreover, the presence of several prominent vector control equipment and vector control system manufacturers in North America, especially the US, is contributing to the growth of the regional market.
US: The US is the largest country-level market in the region. In the US, more than 642,602 cases of 16 vector-borne diseases were reported between 2004 and 2016. The susceptibility of the population to new diseases results in the continuous need for efficient vector control methods. During the same period, almost 9 new vector-borne diseases in humans were reported in the US.
Europe: The regional market is expected to register a notable growth rate during the forecast period. The growth of the European vector control market is driven by the stringent regulations imposed on the maintenance of hygiene standards in industrial and commercial spaces. However, the implementation of norms pertaining to the use of certain chemical-based vector control products is negatively impacting the regional market growth.
Rest of the World: The market in the rest of the world accounts for a comparatively small revenue share of the global vector control market. However, it is expected to register a significant growth rate during the forecast period due to the high incidences of vector-borne diseases in Africa. Several organizations such as the World Health Organization are taking initiatives to develop efficient vector control programs in Africa by addressing the availability of adequate resources and tools to control the vector population.
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